Scale up: Nscale acquires Anyscale to bolster its neocloud software stack

Anyscale is known for Ray, the open-source software project that helps developers manage AI workloads across distributed compute clusters.

By Tom Krazit

Jul 30, 2026 6:18 PM 1 min read

Scale up: Nscale acquires Anyscale to bolster its neocloud software stack — An Nscale data center in Norway. (Credit: Nscale)

If the neoclouds want to build lasting businesses that outlive the AI boom, they'll need to offer more than just GPUs for rent. Most companies need help running distributed AI workloads at scale, and Nscale just acquired the company behind a popular open-source tool for doing just that.

The UK neocloud announced Thursday that it has acquired Anyscale, founded by a team of engineers that developed the Ray project. Terms of the deal were not disclosed; Bloomberg reported that Nscale forked over $1.65 billion for the startup, which had raised $259 million in funding.

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Tom Krazit

Tom Krazit is The Stack's Editor-in-Chief. He has covered the technology industry for over 20 years, focused on enterprise technology during the rise of cloud computing over the last ten years at Gigaom, Structure and Protocol.